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Share Market Outlook India: Data related to inflation and interest rate are going to come this week. It is sure to have an impact on the Indian stock markets. It is known that the movement of the stock market is determined by economic data and the decision of the US Central Bank Federal Reserve on interest rates. The figures of Industrial Production and Retail Inflation Rate in the country will come on Monday, 12 December. Apart from this, the figures of wholesale inflation are expected to come on Wednesday, 14 December.
Data will have an impact
According to media reports, Santosh Meena, head of research at Swastika Investmart Ltd., says that this week is important in terms of global cues. Inflation figures in the US and the decision to review interest rates by the US Federal Reserve are about to come. This will be the most important development in terms of the market. Whose effect will be seen in the Indian market.
Keep an eye on these figures
Santosh Meena said that, on the domestic front, the data on industrial production (IIP) and retail inflation would come on 12 December. Wholesale inflation data may come on 14 December. The same news coming from China, fluctuations in crude oil prices and dollar index will be other important factors. He said that there is also a need to keep an eye on the institutional flow, as Foreign Institutional Investors have been net sellers in the last week. FIIs have sold shares worth Rs 4,305.97 crore on a net basis last week.
Interest rate increased by RBI
Last week, the Reserve Bank of India (RBI) increased the repo rate by another 0.35 percent to bring inflation to a satisfactory level. Vinod Nair, Head of Research, Geojit Financial Services, says that, RBI has increased the policy rates by 0.35 percent. Along with this, there is an indication of further increase in the rates in the upcoming meeting.
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